Systemic Risk

Systems can be affected by critical events or shocks that occur outside or within the system. Systemic risk is associated with cascading impacts that spread within and across systems and sectors via the movements of people, goods, capital and information within and across boundaries. The spread of cascading impacts can lead to potentially existential consequences and system collapse across a range of time horizons.

Latest Systemic Risk additions in the Knowledge Base

Research briefs

The interdependencies of infrastructure systems mean that the impact of a disaster on one system can have far-reaching effects on others and the communities they serve, potentially causing "functional isolation".

Climate Adaptation Platform (CAP)
View of a hospital hall in Hyderabad, India
Update

This column considers extreme heat as not only a direct health threat, but also a systems-level shock that will expose and exacerbate existing vulnerabilities in healthcare delivery.

VOXEU/ CEPR
Cover
Documents and publications

This factsheet examines the systemic challenges posed by climate change in rural landscapes and presents integrated solutions for climate-resilient and low-emission development.

Deutsche Gesellschaft für Internationale Zusammenarbeit
Cover
Documents and publications

This paper presents a novel quantitative approach with stakholder participation for simulating local physical interdependencies between multiple infrastructure sectors that may be disrupted by floods.

Sustainable and Resilient Infrastructure (Taylor & Francis)
Update

This podcast explores what happens when acute risks are themselves the product of chronic risks and how society deals with long-term risks within the short-term cycle of politics.

British Broadcasting Corporation (BBC)
A cargo ship traverses rough seas off the coast of Shanghai
Update

Cyber incidents are the biggest worry for companies globally in 2025, according to the Allianz Risk Barometer. At the same time, climate change moves up two positions into the top five global risks at #5 in 2025, its highest ever position in the survey.

Allianz Group, Allianz SE
Cover and source: Allianz Group
Documents and publications

The 14th Allianz Risk Barometer incorporates the views of 3,778 respondents from 106 countries and territories. Climate change moved into the top 10 risks globally, climbing two places to #5 (19%), achieving its highest ever position in the survey.

Allianz Group, Allianz SE
Cover and source: S. Rajaratnam School of International Studies
Documents and publications

This IDSS Paper reviews this year's series of disasters and finds the salient lessons to inform emergency preparedness and contingency planning for humanitarian assistance and disaster relief in the ASEAN region.

S. Rajaratnam School of International Studies
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